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Minister of Investment leads investor delegation to Pakistan
- October 11,2024
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- SUSTG Team
A Saudi investor delegation headed by Minister of Investment Khalid Al-Falih is concluding a three-day visit to Pakistan. The delegation includes officials and companies from various sectors including energy, mining, minerals, agriculture, business, tourism, industry and manpower.
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PIF steps up Saudi clean hydrogen push
- October 9,2024
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- SUSTG Team
Bloomberg reports that the Public Investment Fund intends to invest at least $10 billion to support production of clean hydrogen.
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Saudi MOF issues budget report: deficits and reduced GDP growth projected
- October 2,2024
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- SUSTG Team
Saudi Arabia’s Ministry of Finance cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, anticipating higher spending and lower projected oil revenues.
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Saudi Arabia forms global alliance in support of Israeli-Palestinian two-state solution
- September 30,2024
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- SUSTG Team
European, Arab and Islamic nations have launched an initiative to strengthen support for a Palestinian state and its institutions, and prepare for a future after the war in Gaza.
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Aramco Digital and Groq to build world’s largest inferencing data center
- September 16,2024
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- admin
American AI chip startup Groq will partner with Aramco Digital to establish what would be the world’s largest AI inference data center in Saudi Arabia.
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Saudi Arabia’s Energy Efficiency Drive – ESCO Awards
- September 11,2024
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- SUSTG Team
In 2021, Saudi Arabia announced its intent to achieve carbon neutrality with the goal of reaching net-zero Global Greenhouse Gas (GHG) emissions, by 2060. In addition to efforts to transition to lower carbon sources of energy (natural gas, renewables, clean energy) and reduce carbon emissions (carbon capture), Saudi Arabia is working to increase its energy efficiency.
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Mortgage rates up but more liquidity needed
- September 9,2024
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- SUSTG Team
Saudi authorities have made home ownership a key goal of Vision 2030, aiming to have 70 % of Saudis owning their own homes by 2030. An estimated 62% to 65% of Saudis are currently home owners.
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7th Family Forum held in Riyadh
- September 3,2024
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- SUSTG Team
The Family Affairs Council hosted its seventh Family Forum in Riyadh on September 1-2, 2024, focusing on “Family Counseling: Building Strength from Within in a Changing World.”
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High profile Saudi delegation heads to East Asia
- September 2,2024
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- SUSTG Team
Minister of Industry and Mineral Resources, Bandar AlKhorayef, is leading a delegation to Guangzhou, Hong Kong and Singapore from Sep. 1 to 8, 2024. The delegation’s goal is to enhance bilateral relations, attract investments, and explore joint-venture opportunities.
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Value of Saudi e-commerce revenues expected to reach $69bln by 2025: Monsha’at
- August 29,2024
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- admin
According to a report from the Small and Medium Enterprises General Authority (Monsha’at), the number of e-commerce platform users in the kingdom is expected to reach 34.5 million by 2025, marking a 42% increase from 2019 to 2024.
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MUST-READS
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Nazaha: 155 government officials arrested over corruption charges
The Nazaha said in a statement on its X account that its officials carried out a total of 924 inspection raids during the last month of June. The Nazaha initiated a number of criminal and administrative cases following the oversight rounds in June, which resulted in the investigation of cases against 382 officials accused of various corruption charges.
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Israel’s high court orders the army to draft ultra-Orthodox men, rattling Netanyahu’s government
Israel’s Supreme Court on Tuesday ruled unanimously that the military must begin drafting ultra-Orthodox men for compulsory service, a landmark decision that could lead to the collapse of Prime Minister Benjamin Netanyahu’s governing coalition as Israel continues to wage war in Gaza.
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Israeli Official Describes Secret Government Bid to Cement Control of West Bank
Israeli judges have long ruled that Israel’s control of the territory is a temporary military occupation and complies with international law. A powerful minister’s recent speech, caught on tape, suggested the government is trying to change that.
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After Gantz’s resignation, the far right reasserts dominance over the Israeli government at a particularly sensitive time
Following the June 9 resignation of Benny Gantz and his National Unity party from Benjamin Netanyahu’s war government, Israel is once again led by a coalition that relies on far-right parties and extremists. This is happening at a particularly sensitive time for the country: Israel faces an additional risk of escalation along its northern border, needs a realistic “day after” plan for the Gaza Strip, has been offered the prospect of normalization with Saudi Arabia, and is on the receiving end of growing international criticism.
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Israel’s centrist minister Benny Gantz quits Netanyahu government
Israeli minister Benny Gantz announced his resignation from Prime Minister Benjamin Netanyahu's emergency government on Sunday, withdrawing the only centrist power in the embattled leader's far-right coalition amid a months-long war in Gaza.The departure of Gantz's centrist party will not pose an immediate threat to the government. But it could have a serious impact nonetheless, leaving Netanyahu reliant on hardliners, with no end in sight to the Gaza war and a possible escalation in fighting with Lebanese Hezbollah.
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Saudi government mandates national dress for civil servants to showcase national identity
Saudi Arabia has introduced a new regulation mandating the national dress for government employees as a sign of pride in the country’s identity.According to the directive, employees of Saudi government agencies must wear the traditional “thobe, ghutra or shemagh” while at work.Exceptions are made for professions requiring specific attire, such as doctors, engineers and health practitioners.The regulation applies across all government agencies, with authorities set to provide regular reports on compliance.
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NDMC closes the April 2024 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program
The National Debt Management Center announces the closure of April 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated was set at SAR 7.396Bn (seven billion and three hundred and ninety-six million Saudi Riyals).
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Saudi Arabia’s conservative clerics have a new relationship with the government under Mohammed bin Salman
Social change in Saudi Arabia has long been deemed impossible due to the influence of the conservative clerical establishment. But as Crown Prince Mohammed bin Salman supports new cultural attractions, experts are wondering whether the power of these clerics has diminished. Raihan Ismail, professor of contemporary Islamic studies at Oxford University, spoke to The World's host Carolyn Beeler about what role the clerics play in Saudi society today.
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Saudi Arabia will bear government fees of displaced expatriates from neighboring countries
The government fees exemption covers residency permit (iqama) fee, work permit fee, transfer of service fee, profession change fee, and fee for employees of companies and establishments in the private sector, and this is for a period of four years from the date of rectifying their status after arrival in the Kingdom.
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NDMC closes the March 2024 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program
The National Debt Management Center announces the closure of March 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The Total Amount Allocated was set at SAR 4.441 Bn (four billion and four hundred and forty one million Saudi Riyals)
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